Microsoft is expected to announce two separate deals today – one with Twitter and one with Facebook. From the sound of it, the deals would be similar in nature, both giving Bing access to index status updates from both social networks.

Kara Swisher at Boomtown says that both deals are confirmed and are expected to be announced this afternoon at the Web 2.0 summit. The deals are non-exclusive, however. And you know what that means.

Google has been reported to have been talking with both Twitter and Facebook too, and it would be no surprise to see deals made there as well.

But this is Microsoft’s moment. But what will it mean as far as status updates from both Twitter and Facebook?

"Much of what is posted on Twitter is public by design, while Facebook’s users prefer the closed nature of the service to disperse a wide variety of personal information only to their friends and they want to control it," says Swisher. "Thus, sources said, not all Facebook updates will be included in the real-time feed to be searched by Bing, but only those its users choose to make available to the wider public. Facebook will apparently provide users with a numbers of new tools to do so."

According to Swisher, neither of Microsoft’s deals will bear fruit for several weeks, and that would leave plenty of time for Google to sneak in with its own deals. We’ll just have to wait and see what happens.

As for the financial details of Microsoft’s deals with Twitter and Facebook, these can only be speculated upon at this point.

You’ve probably heard that there is a Facebook movie in the works, but now it appears that there is a one on the way for Twitter as well. However, where the Facebook film will be a mainstream hollywood-type movie with actors, the Twitter movie will be a documentary, and will be available for free to watch online under a creative commons license.

According to a social media release, Siok Siok Tan of Singapore has begun working on the documentary, and is calling upon Twitter users to contribute story ideas, rich media, and videos.

"I want to make a film that peels away the hype and explores how lives connect and intersect, and then are affected and changed as result of encounters on Twitter," says Tan.

The release says that Siok Siok is a 12-time Asian TV Award winner, Taiwan Golden Bell recipient, former executive director for Discovery TV and an adjunct instructor at the famed Beijing Film Academy. She directed a film called Boomtown Beijing, which documents the lives of "ordinary Chinese" in the year leading up to the Beijing Olympics.

The Twitter documentary appears to be in the very early stages of development, so it’s hard to say just what all will be documented, but Twitter enthusiasts will be eager to catch a glimpse of, and possibly contribute to the end product. Tan can be found on Twitter at @sioksiok.

Would you watch a documentary about Twitter? What would you like to see included in it? Comment.

Research from comScore shows that Twitter has jumped 131% in March to 9.3 million visitors in the U.S. This is an increase of 5 million visitors from February.

So just why is Twitter getting so popular? It’s a great question considering that you’re still likely to hear just as many saying they don’t get the point of Twitter as those embracing it.

The fact of the matter is, Twitter is something different to everybody. Co-founder Biz Stone put it pretty well in this interview Kara Swisher at Boomtown was able to score at the Twitter headquarters in San Francisco:

Stone says Twitter is about people. Different groups are finding different ways to use it. This is evident as we see different examples nearly every day. For some, it’s a way to market their business. For others it’s a customer service tool. For some it’s a way to find breaking news. For others, it’s a reputation management tool. For most, it’s probably just a way to communicate with people and make friends.

The point is, Twitter is just a tool. How you use it is up to you. The point of it is whatever you want it to be.

An unknown band used it to get 3,000 downloads. The NHL is using it for hockey fan Tweetups. Poker players are using it to tell people how drunk they are. The possibilities are seemingly endless. Some even predict that Twitter is the future of local search.

On a side note, Swisher also shares this video of a tour of the Twitter headquarters. There’s no big news story here or anything, but it’s kind of cool just to see where it all happens.

What different uses have you seen for Twitter? Do you think it will continue to grow rapidly? Comment.